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BE17-12. LOf Michek Company loans Sarasota Company S200,000 at 6% fr 3 years on Jan ary 201. Michek mends to holdth s loan omaturity.Thefar value ofthe loan the end ofeach reporting period is as follows December 31, 2017 $2.050,000 December 31, 2018 2.020,000 December 31, 2019 2.000,000 Prepare the journal entry (ies) at December 31, 2017, and December 31, 2019, for Machek related to these bonds, assuming (a) it does not use the fair value option, and (b) it uses the far value option. Interest is paid on January 1